Market is one of the ..... factors for setting up of industries.

INDIAN MINERALS AND INDUSTRIES

Please wait while the activity loads.
If this activity does not load, try refreshing your browser. Also, this page requires javascript. Please visit using a browser with javascript enabled.

If loading fails, click here to try again

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Market is one of the ____ factors for setting up of industries.

A	locational
B	sizeable
C	natural systematic
D	none of above

Explanation:

Detailed explanation-1: -The market is one of the locational factors setting up of the industry. A market is a place where the exchange of goods and services takes place. In a market, locational factors are the most prioritized, because a suitable location can give better output.

Detailed explanation-2: -Large quantities of raw materials are required for the production of finished goods by industry. As a result, factories should be located close to the source of raw materials in order to save shipping costs.

Detailed explanation-3: -Answer: Explanation: Availability of raw materials is considered the most prominent factor in the industrial location in a region.

There is 1 question to complete.